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20130106
20130114
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CNBC 63
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English 63
Search Results 0 to 49 of about 63 (some duplicates have been removed)
CNBC
Jan 11, 2013 7:00pm EST
a bunch of democrats saying we don't want any spending cuts, entitlement cuts, nothing. just pass the debt ceiling. no spending. >> do whatever it takes. apparently the hurdle is some legality. not whether it's a good idea, not whether it calls into question the independence of the central bank, the independence of whether the treasury will now have the new power to print money whatever it has. as long as it's legal. let me tell you. of all these options, the magic coin option, the 14th amendment may be the worst option. it will be challenged in court. the court moves forward. you end up with two classes of u.s. debt, one which people have a lot of confidence in, then this different class of debt which was created under this who knows what new legal authority that they found. >> this is the point. let me go right. the i.o.u. this is interesting. edward klinebard, former chief of staff at the congressional joint committee on taxation is now teaching law at the university of southern california. now, he says that congress has constitutional authority to raise the debt and only the congress.
CNBC
Jan 12, 2013 4:00am EST
is performing and has put the whale behind him. that said, i don't want you to buy it or any of the banks ahead. it's too hard. especially after wells fargo dropped today. even though it reported a pretty darn good quarter. we get results from ebay. the longest time i have stood behind ebay, but my charitable trust recently sold it after a huge run-up. it kept going higher. this stock, though, did get hammered the last time it reported because the market failed to recognize the inherent value of pay pal. the on-line credit card company buried within ebay. be ready to buy if this this happens again. my trust might be there with you. next up, kinder morgan energy partners, kmp. the partnerships finished 2012 terribly, in part because the people were worried that the tax breaks they enjoyed would be erased by the fiscal cliff. buyers are still skittish because they remain under a cloud, a cloud of low natural gas, the possibility of the debt ceiling negotiations might include new revenue raised by taxing them. you know what, that's the same old-same old. i don't care about it. i like kinder morgan
CNBC
Jan 11, 2013 6:00pm EST
the world how it has put the whale behind them. don't buy these, it's too hard, pe especially after wells fargo dropped. ebay, wednesday after the close. longest time i have stood behind ebay. after a huge runup, you know what? it kept going higher, this stock got hammered last time it reported. market failed to recognize the inherent value of paypal. and you buy the same thing if it happens again. kinder morgan energy partners, kmw. the mass limited partnership finished 2012 terribly. in part because people worried the tax breaks would be erased by the burgeoning fiscal cliff. buyers remain under a cloud. declining oil prices and the debt ceiling negotiations and new revenue raised by taxing them. you know what? that's the same old, same old. i don't care. like kinder morgan. looking for an entry point. yield above 6%, and currently 5.77%. you know what? if it happens, before they report, i would pounce. bank of america reports on thursday morning. okay. could this be the breakout quarter for bac, b-a-c-. the funny thing about the market. when everyone expects something good, you tend no
CNBC
Jan 10, 2013 12:00pm EST
knows where it's really going. those charitable costs for him of fungible. i don't want to get into him and what he's doing and how he's doing. that sounds good but is he going to take 100% of the profit, no participant in his fund is going to get a single penny, 100% of it? i'll believe that when i see it. >> the s.e.c., there are indications reportedly that they've opened an investigation into herbal life. we don't know the details but a senior official told cnbc that multi-level marketing in general has been a subject of ongoing interest to them. what can you tell us about the s.e.c. investigation? >> we answered that this morning i have nothing to say beyond that. >> what are the possibilities you'll see bill ackman for what he's done? >> no comment. >> no update on that? >> no. >> here is the final question for you, michael. what is the heart of the business, sales or distribution? >> the heart of the business is product and product results that people get every day from taking an herbalife shake, the skin care product, that's the heart -- it's the product. you said last question.
CNBC
Jan 8, 2013 11:00pm EST
is not just to entertain you but educate and teach. call me 1-800-743-cnbc. don't you just hate reality? boo! don't you hate it when you know the numbers are too high or the world is simply not yet in a place where you can be confident that things are okay? the thought don't you hate that some members of the federal reserve think that we have reached a great place so it is time to stop helping the economy. the heat don't you hate that washington doesn't care what place that we are in at all. don't you hate that karma. >> house of pleasure. >> house of pain. >> dow sinking 55 points today. nasdaq declining .23%. you know i hate all of these things. what do you do? throw your hands up? no, you look for themes. that is why i'm a big believer in themes. all week i plan to trace out the themes of 2013 that you can fall back on when the dow falls. the headlines are dominated by anxiety. i expect the market to go down in the near future. i like what alcoa said, and monsanto. but look, i think it is too high right now and maybe it comes in. but i don't want you to fear that decline. no opportunity,
CNBC
Jan 11, 2013 12:00pm EST
, these low teens, this is the area you're talking about. don't let that be your only way of looking at the markets. yes, if you look across, you'll find that caterpillar, names like that, volatility is on the low end. so you look over other names, you're going to find higher volume tilts. don't be fooled by this whole thing. if you have a brought portfolio, you're buying protects right now. if you're in specific names, you have to analyze exactly where they are in charts. and the implied volume tilts. >> the real question is, where is the money coming from? is it out of bonds and into stocks? because that can have a whole different mean for where this market may go. >> first of all, this is etf flows. those tend to be institutional. >> and it's all. mutual funds, etfs, it is money coming into equity-related funds. >> but if you were to categorizes it and then say, okay. mutual funds themselves, you're actually seeing continued outflow out of equity mutual funds, so collect ifrly yes, this is money going into equities. >> not true according to bank of america. >> i will tell you, i w
CNBC
Jan 10, 2013 6:00pm EST
lee. meantime, don't go anywhere because "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. go out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. other people want to make friends, hey, i'm just trying to help you save a little money. my job is not just to entertain, but i'm trying to coach and teach you. so call me at 1-800-743-cnbc. just when you think the stock market can't keep rallying, when you think that stocks have gone up too far, too fast, the buyers, they come in with a vengeance today! ♪ hallelujah . dow climbed 82 points, closed the at a five year high. why did the stocks rally? why? sometimes it is pretty call cuable, simple, because the simplest driver on earth, china, reported a blowout export number showing the country's plans to reignite growth are, indeed, working and we believe in that. when that happens, buyers swarm in, they buy commodities, thinking how could they not rule now th
CNBC
Jan 9, 2013 5:00pm EST
, europe a mess, asia slowing. i would have to say, don't fight the fed. have a great night, everybody. stay with cnbc. here's "fast money" now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. here are tonight's top three trades. clash of the titans, two hedge fund legends, one stock. where you should place your bet on herbalife. can hp split up and spit off? and digging for gold. a market mystery, why gold miner shares keep lagging the precious metal. we'll get the story. first, let's get to today's action. stocks holding firm, so, we ask, buyer, seller, guy? >> i don't have a crystal ball. and that's a third eye blind, song, by the way. big fans of the show. >> not me. >> stop, stop. get into the show. i still think the market trades very well. i think we are going to trade between 1525 and 1550 and i think that's when we're going to fail. coincide with the vix trading down around 12 and maybe, maybe yields getting up to 2%. i think it happens in the next couple of weeks. >> tim? >> you don't need a crystal ball to know that europe is rallying,
CNBC
Jan 9, 2013 6:00pm EST
>>> final trade. mike? >> don't trade the miners. but i think abx valuation looks reasonable here. >> ambassador? >> yndx get out. >> mastercard still works, folks. >> karen? >> ddgi. >> josh brown? >> myl, still cheap. >> thank you so much for watching. don't forget, the cnbc exclusive with the ceo of herbalife, that's at 11:45 a.m. eastern time. we'll see you back here tomorrow for more "fast money" at 5:00. meantime, "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. going out of business and he's nuts, they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, trying to save you a little money here. my job's not just to entertain, but to educate, teach you how the market works. call me at 1-800-743-cnbc. the script right now says the companies are supposed to be performing horribly. we're supposed to be geared for disappointment. which makes
CNBC
Jan 8, 2013 7:00pm EST
was to the left of tim geithner. he is there to execute the obama tax hike don't reform entitlements policy. >> that is a greaeat point. >> he is there to stabilize the debt. >> this is not a centerist appointment. th mr. geithner, i believe he was a centerist. >> why is he a financial market guy? >> he grew up as a banker. what about larry fink, he is a democrat and well respected by everyone. >> i have a list here. >> jamie diamond. ken chenault. >> you need someone who understands the fiscal books at a time like this. >> we disagree. we don't need someone who understands the books, we need someone who understands where we should go and where those books should take us. and i don't think he does. i don't think they understand fiscal policy better than jack lou. he got you guys a surplus back in the 90s. >> all established people in financial markets all distinguished people who command the respect of not only around here in the new york area but the whole g-20. this is going to be a bad mistake. it may be the haegle of the justice department. >> i'm not sure why you are discounting the fa
CNBC
Jan 10, 2013 6:00am EST
are not going to want to come as somebody's deputy. i don't know how they're going to fill out the lew treasury department, but i expect they will take some care and attention to tending those relationships. but when you look at the big guns on wall street, they're not going to go in as somebody's number two. >> john, was jack lew the first and only choice? >> that's been the principal focus of speculation from the beginning. i remember having a conversation with roger altman who is a friend of this program and somebody that served in the clinton administration about after the election how the president was going to fill out his cabinet. and he said if you look at the pattern that this president has followed, it has tended to pick people close to him who he feels very comfortable with. the criticism of president obama from some is that he's insular and that he has a very close circle. the positive of that is that it's a pretty cohesive group and he deals with people that he's comfortable with. and jack lew is clearly one of those people. >> you know, john, i know when you read the "new york tim
CNBC
Jan 8, 2013 3:00pm EST
sheets. >> china looking better, europe not as bad. >> you're, i don't know about that. >> well, we call this the economy in a coma. basically without these trillions of dollars of stimulus, we would be in a downturn, in a depression because we also have 42 trillion in private debt, the greatest debt bubble in history and that needs to unwind. basically ben bernanke and the economists are just saying we're just not going to let this slowdown happen. we're not going to let the debt de-leverage. if you don't let the debt de-leverage or restructure japan, the same thing japan has done, quantitative easing forever, you never come out of this because the debt keeps weighing on the economy so not only do you have slowing demographics. we've got a 200 to 300-pound weight on our back and you can't run very fast. we get 2% growth with massive life support. we're in the emergency room on life support only because of this trillions of dollars of stimulus. i guarantee -- >> what's the catalyst? >> you take away this stimulus for one year, and this economy dies. >> harry, stay right there. want to ge
CNBC
Jan 9, 2013 6:00am EST
. >> you ready? >> i am. i'm ready. ready to -- i don't know. i'm ready. >> you ready? >> i'm ready. i might -- i don't know. we'll see how i feel. no, i'll be here. >> okay. >> don't worry. >>> let's talk about boeing and the dreamliner. more news on the front page of many papers today. lots of continued problems including this one -- japan's all nippon airways canceled a boeing 787 dreamliner flight scheduled to flight from western japan to tokyo today. the airline citing brake problems. and this add to a series of setbacks for the aircraft this week. yesterday a fuel leak forced another 787 operated by japan airlines to cancel takeoff at boston's logan airport. and on monday, there was an electrical fire on another 787 after a japan airlines flight to boston from tokyo got -- caught fire. boeing's asian customers are rallying behind the planemaker, arguing the incidents are glitches that can happen to new planes. the customers say they have no plans to scale back or cancel orders for the aircraft, but maybe we can take a look at the stock. you can see it's kind of hit over the past
CNBC
Jan 10, 2013 7:00pm EST
. i don't have any problem, larry, like you, with either one of these provisions. i'm a second amendment supporter and i don't think these go to that level. but at the same token, what happened to mental health? what happened to access to weapons? neither one of these would've blocked the shooting in newtown. >> i don't mean to be rude, but i've got breaking news i've got to pick up. please hang with me. phil lebeau's got breaking news ton the 787 boeing dream liner. phil, if you're out there, tell me what you've got, my friend. >> larry, we have learned that the faa is going to be conducting a special review of the power system in the 787 dream liner. essentially this is the faa saying let's take a pause here and take a look at the design, the manufacturing, how the power system works on the dream liner. let me be clear here, this is a special review. this is not an airworthiness directive. it would be a much more serious matter. and it might involve airlines being told stand down, don't fly this plane. that is not what is happening. airlines that have the dream liner will con
CNBC
Jan 10, 2013 11:00pm EST
, and by the way, the american technology behind them, don't forget that, we need to ask, how can this theme make us money? i mean, this is "mad money," not mad energy sufficiency. who are the principal winners from years of ultra cheap natural gas to come? the answer, the chemical companies. the plastic makers. because they're the big beneficiaries of the remarkably low cost of natural gas related feed stock, what goes into plastic. and the best of the best, dow chemical, ppg, westlake, eastman, georgia gulf and liondel basin. they thrive on the cost advantage of two of my absolute favorite gals when it comes to making plastic, poly and ethel. at this moment, only dow chemicals has done much to capitalize on the cheap domestic energy. the company is spending billions, taking advantage of the cheap natural gas plays in the good old usa. it's almost as if the bulk of the chemical companies don't believe natural gas is going to stay as low as it is. but i believe that 2013 will be the year when chemical companies build plants needed to take advantage of the inexpensive feed stock. dow's a big chemi
CNBC
Jan 8, 2013 6:00am EST
and played -- i don't know. it was bad. >> i really went to bed. >> if i didn't stay up the previous night -- >> i know. >> you didn't stay up for it? >> i did not. and if i didn't stay up to that, i'm not staying up for some football game, i'll tell you that. >> my soap opera boys who are here. >> i was thinking about you watching the -- because we hadn't seen the actual end of season two. and i was thinking about what you're missing. there's no way you should not be watching it. >> eventually i will watch it. >> there are. >> i can watch the one that's on. i need to watch it when i -- it's like the new way people view. when you can, when you get a chance. >> did you see that michelle caruso cabrera has the third season on dvd? >> she gave me my soap. >> she did? >> she did. >> she came over the other day. you weren't there at the time, but she was going to show them off. >> yeah. >> let's start with the markets this morning, as well. the s&p retreating from a five-year high yesterday. the stocks finished the session off their lows. u.s. equities are indicated a little weaker. dow futures
CNBC
Jan 9, 2013 11:00pm EST
expected. don't they have to be? you know what? to quote marshall sam gerard, when confronted with richard kimball's i didn't kill my wife defense, in "the fugitive," i don't care about the negativity. i don't care about the pessimism, i've got to find more seagates, i've got to get more strykers and find the themes that can produce them. i've given you a few to fall back on earlier this week, housing recovery, right? the regional bank strength. the insurance stocks, the autos. >> buy, buy, buy! >> into weakness, people. people say, oh, cramer, you like bank of america, it's down -- yeah, bank of america was down, stocks that go up 100% last year, they can go down. i like them when they go down. that's the point of this article, this piece, whatever i'm doing here. these are all fertile areas that could produce the upside surprises that drive stocks higher after the market's brought them lower, and tonight i've got two new ones. first is aerospace. by now, we've all seen the stories about boeing's troubled dream liner, nothing like genuine footage of smoking planes to get your attention. b
CNBC
Jan 11, 2013 6:00am EST
to me, a lot to you. >> but when you look at the federal debt, maybe not a lot? >> i don't know. i don't know. and you know what? i don't know -- i don't know how big -- >> but at the beginning of the year, you always see a big -- >> and because everything is always contrainan in the stock market and because people rush in at top, i don't necessarily want it to be really big because if it's really big, people are getting ready to -- so i don't know whether it is big. >> you would also think that people would look at this as the prospects for lows on the interest rates. they would say the bond market isn't where i want to be so i'm going to go out on the risk spectrum a little bit. >> i'm still looking in terms of the earlier numbers. >>> let's get to the top corporate story of the morning. it is boeing. phil lebeau is+++j™n dreamliner. the review is likely to include a study of the design and electrical portions of the plane. we will bring you all that news at 9:00. it's 9:30. there it is. phil will join us from d.c. with more in the next half hour. we'll take a look at boeing shares
CNBC
Jan 7, 2013 6:00pm EST
don't like money put to work on the up ones. particularly down days caused by the washington curse -- ♪ >> that sadly even seem to infect the great rg3 this weekend. these themes work when the market is down hard as it was earlier today before rebounding moderately. first theme, number-one theme -- the return of the banking business as an investable place to put your money. for five years now we've been under pressure, these bank stocks, under pressure -- one thing or another. it may be because they had to fight to survive or they had to flood the market with new capital, raise capital, meet the requirements, deal with the legacy of many bad loans, take on the federal reserve which has pushed rates so low that it's difficult for banks to make money versus the deposits you provide them. right? they lend, it's so little verse us what they're paying you, they can't make it. it's called net interest margin. they can't make enough off of them. at the end of 2012, we began to get a sense that the cloud was lifting, courtesy of a remarkable run in bank of america which doubled and then
CNBC
Jan 6, 2013 7:30pm EST
, that there are costs and risks involved in what the fed is doing. they don't want the politicians to believe that the fed can carry the whole burden for this economy. >> bottom line, mohammed, what do you want to do in this environment if you are an investor in the market? >> so it depends on your starting position. if you have already taken on a lot of risk, you've done really well and time now to trim it back, we have economic uncertainty, we have political uncertainty, and we have a certain amount of policy uncertainty coming out of europe. we should take some chips off the table. risk assets. equities and higher bonds that have done extremely well. if you are conservatively positioned, stay there, because there's still value, although not great value. prices have really about an artificially elevated, and the most incredible thing is keep an eye on the fed because the fed is the only thing that's keeping valuations above fundamentals. if the fed steps away, then valuations will come down. >> all right. we will leave it there. mohammed, always wonderful to have you on the program. thanks
CNBC
Jan 11, 2013 9:00am EST
. people can't just respect you, they have to fear you. if they don't fear you, they will not make the necessary changes. >> is there anybody out there who could be that person? >> too early to tell. we just had an election. people are already starting to talk about the horse race for 2016. you do elections -- >> hillary's up. >> we have a serious, serious problem that we need to address. fiscal, education, immigration, infrastructure, health care costs. i can go on and on. even the guns issue. >> the show is over. thank you for being here. >> it's a pleasure. >>> thank you, david. have a great weekend, everybody. right now it's time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm carl with melissa lee, jim cramer, david faber at the new york stock exchange. let's look at futures on a friday morning. mild action here. we are paying attention to the mutual fund inflows. as for europe, disappointing industrial production numbers in spain and the uk. but the euro is at a nine-month high this morning. we begin with the s&p, a five-year high.
CNBC
Jan 7, 2013 6:00am EST
're at a disadvantage? >> they're at a huge disadvantage. they expected this to happen. i don't know how far -- they were all focussing on 2015. we'll see. >> and wouven my resolutions was i was going to start stepping out a little fashionwise. so i put this on today. it's not white. it's not blue. it's pink. and i am trying to set some new ground for myself and then -- i mean, i look at that thing that -- why are you on me? why are you on me? who is directing? >> go to andrew. thank you. >> it's a gray shirt. >> can you get any closer on that? >> it looks better -- you have to see the pattern. and then the collar itself, that's one of four different collars you can have on that shirt,ite? that comes off, right? >> no. >> that's one of those detachable. >> i think it does look better on camera. >> it's okay. >> when i look at it on camera, take another shot from andrew's head on. >> does it steal my thunder, sort of? >> it looks better on camera. it really does. >> that's a backhanded compliment. >> no, but we talk about that all the time. it looks better on camera. that looks good on camera
CNBC
Jan 8, 2013 12:00pm EST
in china. i think because of that these industrials can do very, very well. i don't know that it will be this quarter but i think going forward the industrial space is a base we can move off of but the financials will put us to the upside. we get to the xof, close above that 17 level for a couple days in a row, get into the earnings season and jpmorgan can put the flash in there, we're going higher. >> what is the retreat in stocks telling you now? >> i think this is the most constructive thing that could be happening. this is what you want to see if you're bullish. we're very close to new highs and you've consolidation on very low volume. my favorite feature of the option this week is the fact that correlations continue to stay almost nonexistent. in other words, even when you have down days, you have money that continues to work. i'd like to see them rotate sector to sector without a lot of panic. even though we're opening down and staying down. >> it looks like we may start off getting out over our ski as little bit. let's folks on the vix. the vix is down in the $14 r
CNBC
Jan 9, 2013 7:00pm EST
andrew cuomo? >> i'm not against gun control. i don't see civilian use for those big guns and all that. but to think that solves the problem is crazy. can't trust any politician who just proposes gun laws and goes back to sleep. the fact that a deranged person, like the one in newtown, connecticut, could still enter the school with a couple of handguns or a knife or axe. if we're not going to talk about mental health, we're not talking about the problem. >> i want to talk about mental health. i don't know if this kid could've been stopped but he was obviously mentally ill, should have been institutionalized, and i think, mark, i'm going to guess, cuomo mentioned this specifically, i hope the federal legislation deals with this too. it's got to be easier for national documentation for people with mental illness problems and for what i'll call reinstitutionalizing them. they've been out on the street for years and need to go back into the institutions, mark simone, that should be part of the change. >> absolutely, we've cut the number of institutions, the funding, all that sort of stuff
CNBC
Jan 10, 2013 9:00am EST
hill, that could mean trouble. >> i don't see him grabbing a mike which is what i want. i think one of the things that really hurt this whole process is people coming in front of a microphone saying that the talks are bad. leave it in the locker room. especially if you're looking at it as an investor. what really 457ed in the fourth quarter. owning stock, making decisions and someone would come on air and say this is a disaster, no way we could -- i just want quiet. even if it's no, no, no, i want quiet. maybe this man, forest hills man -- >> forest hills high school, too. queen, baby. got to bring inthe hometown. probably a mets fan like me, so he has that going for him, too. but -- >> that could be no, no, no. >> obama in a tough place. could you nominate a former banker? unlikely. could you nominate a ceo? >> i thought they could do dave cody. there's a story in the "new york times" about how everyone has a vested interest. i know dave cody personally and professionally. his vested interest in anyone who read his white paper is to cut trillions out of the budget so we do not beco
CNBC
Jan 11, 2013 3:00pm EST
doesn't shoot themselves in the foot in the next two months, which is a possibility, but if they don't, we think the economy is going to do well this year. we think stocks will go higher. inflation is relatively tame, pes relatively low. so even we're at a five-year high, higher and we went down. we think the market is poised to do better over the next year and actually over the next three to five years. >> michael, where are you putting money to work right here at a portfolio manager? >> well, we're putting it all over the place because we run a diversified funds so precious metals, shorter-term bonds because of the potential of higher rates and high grade corporates as well as equity markets, both u.s. and non-u.s. in the short term the stock market can outperform while the economy does not, but in the longer term those two things are going to come back to equilibri equilibrium, so, you know, the market is at a high here, corporate earnings in q3 were very weak. i think q4 earnings will tell a lot, and i think the political dynamic coming up in march is going to be interesting. i d
CNBC
Jan 9, 2013 12:00pm EST
>>> on this wednesday, facebook is set to unveil something, we don't know what, next tuesday to members of the media. they have offered only these words as a clue on the invite. come and see what we're building. so on this morning's squawk on the tweet, what could they be building? richard writes, facebook is building its own mobile device. either a tablet or a smartphone. and lewis writes, building a real way to monetize mobile and a new line of hoodies for the fall collection, as well. those might sell. that does it for us. let's get to the headquarters. scott and the "fast money halftime." >>> all right. carl, thanks so much. welcome to the halftime show. four hours to go until the close and standing there on the street, green arrows across the board. the dow with a gain of 79 points. here's what we're following. apple's next bite. reports say a cheaper iphone in the works. is it a risk? debate at bank of america downgraded after leaving the dow in 2012. what is the best move days ahead of the earnings? two traders square off. first, the top story, the rebound. stocks comi
CNBC
Jan 9, 2013 4:00pm EST
've had a 16% run in the u.s. equity market and i don't feel like anybody celebrate that had at all. professional investors have gotten more bullish and individual investors still remain sidelined. lots of cash sitting out there. we know there's issues at hand and know the fiscal cliff is coming down the pike but more importantly the global growth story still remains intact. it is going to have a fair amount of bumps but through the bumps we're looking at using those types of opportunities to add risk assets to client portfolios. >> absolutely our share of issues. talk about this in my observation at the end of the show. rick, a lot of optimism about the direction of this market. you just can't fight the fed. where do you think interest rates are going to do, and that's going to dictate where you want to put your money because we're talking about zero returns elsewhere. >> yeah, i'll tell you what. here's the way i look at it. i think that we're going to have a giant hiccup in the form of activity slowing due to some of the things embedded in the grand bargain at the end of the year
CNBC
Jan 9, 2013 1:00pm EST
don't seek portfolio protection if you have concerns about the market. 3m, my final trade. i like pete's quality. >> i think can you stick with apple here. i think the stock is acting fine. but my final trade is ebay. i think the stock goes a lot higher. >> dow is up 55. s&p up 3. more earnings after the bell today. big bank earnings next week. catch more "fast money" tonight. follow me on twiter. "power lunch" is all over the markets for the next hour and that show is going to begin with bill. i mean, with tyler. and sue. right now. >> "halftime" is over. the second half of the trading day starts now. >> bill griffith often imitated, never duplicated. i'm tyler mathis. it is an hour of power filled with questions and answers. here are three for you right now. first, will white house chief of staff jack lou be the next second? lot of people saying yes. well get you the answer. second, you can bank, or can you, on solid earns on the solid sector? we will have the answers on the biggest of the banks and how bad is it for boeing? how much damage will the recent run of problems for the so-
CNBC
Jan 7, 2013 4:00am EST
going into 2013 and 2014. having said that, we don't see this as being the biggest issue and certainly in continental europe and perhaps particularly in the periphery where the growth outlook has been most negative over the last few months and quarters, it probably hasn't been the biggest constraint. so we don't really see it as a game changer either in credit creation or in growth or the prospects. >> it's been suggested we should ripped up basel and start again. do you have any comments on that? >> andy's conversation is one that resinates with those of us who work in the financial industry. we live in a world of great plexty and regulation. having said that, i do also think that the idea of rules can govern a complex gibson, intellectual appealing and problems. we do need to have rules that contain some of the allegations and successes that we saw over the last date. i think right now the key is to get the balance right. but at the same time, doesn't choke off credit creation. >> it was interesting this morning, do you see a little comparison between the u.s.? one of the things he t
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Jan 7, 2013 7:00pm EST
in 2001. i think the real problem here is that the message to iran is you don't have to make any deals, you don't have to make any compromises because there won't be any military pressure. the president used a lot of tough language during the campaign. i'm not for containment. he said i'm for prevention. all options are on the table. but hagel has said that a military option is not viable. never mind not wise, not viable. so i think this completely undercuts any notion that iran is under pressure. it oddly enough makes it probably more likely that there will in the end be a failure of negotiations and a military attack. but he doesn't seem to support the president's policy, at least in all the speeches hagel has made, he has been very soft on iran. >> all right. we'll leave it there. former secretary of state national security council eliot abrams, thank you very much. >>> all right. now to react to ambassador abrams, let's bring in our distinguished panel tonight. we welcome back general wesly clark and a former presidential candidate, cnbc contributor tony fratto, former bush 42 whit
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Jan 8, 2013 9:00am EST
. >> absolutely. >> it's the size of the government. it's intrusion in our lives that's the problem here. we don't talk enough about it, the victims of this policy. it's all savers, particularly seniors, it is our children and grandchildren. what we're doing to them is utterly immoral. we've got to come to grips with that. >> senator, what are you going to do for the debt ceiling? is there a plan that gets us -- it's not going to be a grand plan. >> as a matter of fact, yes. the cbo has got a big thick book, and it shows $4.9 trillion of ways we can reduce spending. it's a menu. >> but you don't think we'll be doing that. are you going to vote for -- >> we'll do dollar for dollar, whether $100 billion to increase the debt ceiling, $200 billion. take your pick, mr. president. >> thank you four a great two hours. "squawk on the street" begins right now. >>> congratulations to the alabama crimson tide, winners of the bcs college football championship for a second straight year. a third time in the last four years. what a run. it good morning, welcome to "squawk on the street." i'm melissa lee, live
CNBC
Jan 7, 2013 12:00pm EST
authority to do it even though they don't think they have that power. >> i'm glad we snuck that in this morning. john harwood, thank you. let's get to scott wapner and the fast mope halftime. >> carl, thanks so much. welcome to the halftime show, four hours to go until the close on this monday. here is where we stand on the street right now. basically, at the lows of the day for the major averages. this coming off the best close in stocks for over a year. fed fight, why the battle inside the central bank is more serious than you think and what it means for your money.. debate it, netflix tops $1 hunl for the fist time in four months. is it in your portfolio? but first, our top stories, bull run. stocks sitting near five-year highs. we're trading the markets today with virtual john najarian, josh brown and joe tear knranova. is the bull market just getting started or about to end? >> i've told you since the beginning of the year, that's not where the focus is for me. the focus is on the individual sectors. you're get ago pullback today on the financials. they're going throw
CNBC
Jan 7, 2013 5:00pm EST
to jump in after that kind of run where we had the s&p up, i don't know, 60 handles, whatever it is. but i'm long what i'm still long. i haven't sold much of anything at all. just taking tiny stiticks. very interested to see how the banks come out. see that this week starting with the ones i like next week. i haven't -- i'm not a wholesale seller here. i think the only thing really worried me is fireworks on the debt ceiling in the next month. >> right. before i get the opinion of this side of the desk, i want to walk through. there are people at home who are saying, stocks are near five-year highs but my portfolio does not refrequent and that's because, well, look at the performances. financials are still down 52% from their peak. utilities, industrials lagging. if you held onto u.s. steel, alcoa, citigroup of bank of america hoping for a bounce back, you are still out of luck. they're down more than 75% since the s&p 500 peak. do you stick with what's work, apple, tjmaxx, priceline, or do you double down on the weakli weaklings? that's what we saw coming out of the woodwork with analyst
CNBC
Jan 8, 2013 1:00pm EST
it is a 787. i don't know if we still have that live shot available but let's put it up while we talk about this. there you go, logan airport. what do they have to do? they have to do something very quickly. you know this company better than anybody around. how do they mobilize? how do they contain this? what should they do next? >> you've got a couple of issues here. if this was a fuel leak for any other plane, it would get a little more attention. the problem is we're in a hyper extension tiff position ramping up production. boeing will try to get out in front of this with a public relations standpoint and say the airlines are continuing to fly this plane, they have overwhelmingly not had problems. there have been major issues reported. they are a bit handcuffed when it comes to the fire investigation. you have to wait and see what the ntsb says initially on the fire investigation. sue, he mentioned it there, investors are walking on egg shells. there's a headline risk. jim cramer on "squawk on the street" said it, i'm worried we'll hear about another problem with the dreamliner. this pla
CNBC
Jan 10, 2013 4:00am EST
forecast, 1.35. we don't see the -- lasting in euro/dollar. more on sterling, more on the yen. i think we're moving away from the fixation about euro/dollar. and it seems strange that everything is saying that the ecb or european politicians aren't able to do anything. and so i think we'll have to watch europe very carefully. but i think the break-up risk is coming out of the market. >> yeah. it appears to be the case. and we have something to watch today in spain, as well. it's the first bond auction of the year for the al beeran company. the treasury is slashing the debt market up to 5 billion euros since 2013. lloyd's expects a positive results with the first take up. it will be the first issue to feature a collective action clause, designed to make it easier for the government to restructure debt in the case of future crisis. and president obama is expected to make the final touches to his second term economic team today. cnbc's john harwood has more on the changes coming to the u.s. treasury department. >> president obama has already filled out the members of his national security te
CNBC
Jan 9, 2013 9:00am EST
israel striking iran to prevent this from happening. and nothing has happened. so i don't think anything is going to happen. and iran is going to continue to move forward with its nuclear development project. >> and we'll -- >> we'll have to learn to live with a contained iran rather than preventing the enrichment from happening. >> byron, thank you, for joining us daet. we're going to remember all these. >> byron, we're going to have to have you back before another year goes by. then we're going to have to see -- batting 500 do you think? last year? >> well, last year was a little better than 500. >> okay. >> byron, thank you for being here. join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." the show's going well already. i'm carl, with melissa lee, jim cramer and david faber. we have earnings season officially under way. courtesy of alcoa, some pretty decent sentiment this morning. we'll talk about that with cramer in a moment. europe, numbers over there as well. germany industrial production did miss. green arrows
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Jan 11, 2013 4:00pm EST
that we need is we don't need the government in there trying to kill sentiment. we -- we absolutely need sending cuts. i saw you almost fell out of your chair when one of the previous guests said we don't have a spending problem in this country. we certainly need to get more fiscal restraint, but we cannot have the government holding sentiment hostage, and that really is an incredibly negative force that cannot happen this year if we're looking to have the market move forward. >> dan, let me bring you into the conversation here, the chief executive officer here. how are you allocating capital? >> doing it stock by stock. we think the market is on pretty stable ground right here, though when seagulls get together it's called a flock but when bad boons get together it's called a bad congress so that's something to worry about when you get closer to the next phase of the fiscal cliff discussion and global pmis are improving, stay pro cyclical, the again see and wyoming railroad continues to do well, tick symbol qgr, manitr oy s, maker of cranes, both stocks well-positioned this year. >> ben
CNBC
Jan 6, 2013 11:00pm EST
million this year. >> that's a pretty good practice. >> it's a very good practice. >> and you don't have to worry about medicare or medicaid. >> we don't ever want to talk to medicare and medicaid. >> no insurance to deal with. >> absolutely none. >> it's like the good old days. >> like the good old days. >> when we return, some doctors question the cenegenic system. >> i would not take growth hormone because it's unsafe. i would certainly not recommend to my family or my patients that they take growth hormone. >> on 60 minutes on cnbc. [ sniffs ] [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. officemax can help you drive supply costs... down... ...and down. just use your maxperks card and get a case of x-9 paper for only 1-cent after maxperks rewards. find thousands of big deals now... ...at officemax. >> you're looking at hidden camera footage from a recent convention of the american academy of anti-aging medicine, wh
CNBC
Jan 10, 2013 3:00pm EST
in front of. i don't think it's guys looking to buy and sell. i think these are guys that are seeing that this is the play right now. you're getting in front of it, and they are going to be right there right through the move. >> steven, you guys don't love the financials. we had your chief investment vat gist on "halftime" today, and financials aren't one of the top sectors that you guys are looking for. you're not looking for a big repeat in what we had in 2012. >> i think that's true. it's more of a stock selection than it is a benchmark relative, so relative to the benchmark we're underweight, but there are certain names we do like. they had a very, very good run. you bring up a very, very good point. if withy go back, what's the federal reserve trying to accomplish? they are forcing investors up the risk curve so what we're seeing is looking at valuations ultimately matter, as in the case of financials but globally diversified portfolio risk assets is where a lot of people will have to go, emerging markets, global credit. even in commodity space, a longer time horizon, unavoidabl
CNBC
Jan 10, 2013 5:00pm EST
. if we don't break above it and stay above it for more than a day, we'll see if wells fargo's enough to do that tomorrow, then i think it is vulnerable. >> yeah, speaking of which, bank stocks rallying once again today. wells fargo kicking things off tomorrow. can this run continue? let's take our positions ahead on the banks ahead of the reports. what is your inclination, dan, in terms of where you go here? long, short? >> wells fargo really set the, you know, set the agenda last quarter, it had a very disappointing quarter on a bunch of different metrics. the brokers are breaking out here to multi-month highs here. and citigroup massively outperforming. b.k. and i were talking about this for the last couple days. these stocks have massively outperformed. not wells fargo, but the banks and money centers for the last four months. they probably need to pause before they can go much higher. i know they're cheap but we need to see visibility for the balance of the year. >> just this year, financials are up more than 4%. goldman sachs, not just a month higher here, the highest level sinc
CNBC
Jan 7, 2013 3:00pm EST
a bit of wind behind our sails. however, we don't think that 2013 will be as strong as 2012 given the fact that so many people were underexposed stocks in 2012. we've had this kind of natural rotation back in. i think 2013 will be positive. >> but are we really done is the question. we've got the debt ceiling debt bait coming. peter, what's your take? >> well, i think the debt ceiling, we've been through that before -- once before. this second time i think it's going to be actually maybe too much to say a piece of cake, but we've seen it before and i think that we will sail through that. and earnings, i'm looking at earnings to be probably sideways this past quarter. going into 2013 i think it's going to be one heck of a year. >> you mean a strong year? >> yes. strong. >> and you think stocks react to that? >> i do. i think they will react very strongly. i think there's a lot of risk, uncertainty out there. but on top of that, i think you will see stock buybacks. and i also still think you will see some dividend increases which are great for investors. >> brian, do you think it's
CNBC
Jan 9, 2013 3:00pm EST
is that the profit margins will decline. we don't believe that's the case outside of a few industries that have been very aggressive capital spenders, so if you stay outside of the industries that have been slow aggressively invested in capital, i think margins can sustain which means stocks are cheap. >> yeah. >> goldman sachs was a no doubt this morning that kind of reflected a lot of what i think is the first quarter is going to be rough, and because of things that we talked about before with the debt ceiling negotiations and the sequestration cuts and also a bumping earnings season, alcoa is nothing to brag about, and then we get through that and go through the end of the year and i think gains are backloaded. that was goldman's position. >> makes sense. what's your take on the third quarter, typically good because you've got the holiday spending but certainly a different kind of quarter with the dysfunction and the fiscal cliff and the uncertainty over the economy? >> when we saw the third quarter be reported, we saw a huge buildup of inventory in almost every region of the world. everything ra
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Jan 10, 2013 4:00pm EST
to the races. >> i think you missed some of the movement. valuations ultimately matter. i don't think you're looking at a stretch market, and i think it comes back more into a securities selection. valuations ultimately matter so look at those areas pulled become a little bit and use those dips to your advantage. i think asia is going to provide some upward draft to the markets. i think emerging markets, brazil and india will begin to stabilize but even in areas like europe north of the alps obviously you've got really global franchises selling at a discount, can you add to what we're looking at as a grinding global global recovery but it is a recovery. >> what are the sectors you want to own in 2013? >> right now a lot of dust has been cleared away from health care so the winners and losers are much easier to pick regardless of your politics on obama care. looking at energy very selectively and looking in cyclicals and some areas of consumer discretionaries. there may not be as much pop off the bet there but looking at global credit markets as well, adding to that yield advantage that ma
CNBC
Jan 11, 2013 1:00pm EST
weiss? >> pzn. a long institution yalg fund manager. >> and you know him? >> and i know rich. i don't own stock. friends with rich. >> okay. >> joe? >> close out the long xli. short -- >> applied materials. amat. >> that does it for us. have a great weekend. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> alarm bells and it is not the scott wapner phone app, believe me, they are sounding at one of the best known investment firms in the world. see why a wall street journal report says sac capital is suddenly so nervous. payday problems. if you haven't looked yet at your direct deposit, get ready for a bit aftof a disappointmen. we will show you why. >>> plus, info into stock funds. hitting highs not seen in years. is it time for america to get back in the game or not? sue at the nyse. >> high, ty. can you love him or hate him. sac capital led by steven cohen has been major force for years. investigating involving insider trading may take a bite out of their business. the hedge fund is bracing for an exodus with clie
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Jan 7, 2013 1:00pm EST
are saying... [ all ] i'm with scottrade. ♪ ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. >>> welcome back to "power lunch"? the president will take to the podium where he will announce his nominees for defense secretary and head of the cia. we carry theory that for you live when it does occur. >> a $10 billion settlement with fannie mae, bank of america up over the past year. now trading at 1205, down 6 cents on today's trade. what does it mean for b of a? a quick look here, kayla? >> a big thorn removed from the side of bank of america. in it within two specific numbers. $3.6 billion to cover fannie mae's losses and buy back of loans it sold to the mortgage giant through 2008. also b of a was one of ten banks settling for messy foreclosure practices in the wake of sub prime mortgage mess. and it opened services rights. but why is the stock turning south now after popping almost 3% premarket? on one hand, you have two cases settled on another. b of a expects to turn a modest profit next week. analyst
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Jan 7, 2013 4:00pm EST
-- you know, i really don't know. i don't know if there's a sector a will really outperform. if we're going to rely on alcoa tomorrow, i'm not sure that's getting us going. >> there you go. maria carries on with the "closing bell." >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo. market closes lower after the s&p 500 closes at a five-year high on friday. bit of a downer today. take a look at how we're finishing on wall street. dow down about 51 points. absence of buyers not necessarily selling going on today. s&p 500 gave up about 4 points. also off the worst levels of the afternoon. and the nasdaq composite down about three points. really flat on the day for the s&p and the nasdaq. the bulls took a back seat today with the s&p retreating from the five-year high. so was it a slip blip in the rally? we bring in now jeff acorzanik, ron asana. good to see you. peter, let me kick this off with you. what did you see today in terms of flow? >> in flow? >> yeah. where'd the money move? >> the money
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